DJ Envy Once Revealed How Joe Budden Told Him His Real Estate Endeavors Would Land Him In Jail

BYAlexander ColePublished on October 20, 202320.5K Views

BET Presents The 51st NAACP Image Awards - Red Carpet

PASADENA, CALIFORNIA - FEBRUARY 22: (L-R) Gia Casey and DJ Envy attends the 51st NAACP Image Awards, Presented by BET, at Pasadena Civic Auditorium on February 22, 2020 in Pasadena, California. (Photo by Paras Griffin/Getty Images for BET)

Joe Budden was quick to call DJ Envy's investments a "ponzi scheme."

If you've been paying attention to the news, you may have seen that DJ Envy has gotten himself into some real estate trouble. It all started when people began accusing his business partner, Cesar Pina, of taking their money and not making good on investments. Essentially, clients say Pina stole their money. Envy was not accused of stealing money, however, he was accused of bringing clients to Pina. Moreover, the two held seminars on investing in real estate, which led to more clients willing to invest.

Yesterday, it was reported that Pina was arrested on wire fraud charges. Furthermore, he was eventually released on $1 million bond. It was also said that computers and electronics were removed from the iHeartRadio offices as part of an investigation into DJ Envy. This has led to fans digging up old footage of the radio personality. In one video, seen below, Envy can be seen and heard speaking about how many refused to invest in their real estate endeavors. As it turns out, one man was actually pretty prophetic.

DJ Envy In Newly-Surfaced Clip

The man in question is none other than Joe Budden. As Envy revealed, he called Joe to tell him about investing in real estate. Budden subsequently told him no. The reason? Well, Joe thought that the whole thing was just some sort of Ponzi scheme. Moreover, he told DJ Envy that he was probably going to prison. Of course, in retrospect, those comments seem like a genuine prediction rather than a joke. However, it is important to remember that nothing has happened to Envy just yet. There is still a large part of the legal process left to be played out.

This entire story continues to develop, so be sure to stay tuned to HNHH for all of the latest news and updates from around the music world. We will always be sure to keep you informed on all of your favorite artists. Additionally, let us know what you think of all of this, in the comments section below.

About The Author

Alexander Cole

Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.